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Money

SHIB climbs – Gets major exchange listing with OKEx

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SHIB drops 40%

Shibcoin investors have a new way to trade the crypto.

Trading platform OKEx is the first to list SHIB, the first native crypto asset of the Shiba network. 

It comes as the digital currency dropped by 40%, but then recovered as investors sold Bitcoin after Elon Musk’s decision to suspend Bitcoin payments for Tesla vehicles.

Deposits of SHIB opened over the weekend, and the token can now be traded against USDT – a stablecoin.

SHIB, also known as a “meme coin,” is emerging as a top 30 cryptocurrency by market capitalisation.

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The founders put away 50% of the total SHIB supply in Uniswap.

The rest were burned in honor of Vitalik Buterin, one of the co-founders of Ethereum.

Shiba to list on OKEx

Welcoming Shib

SHIB is the first cryptocurrency token to be listed and incentivised on ShibaSwap — the Shiba Inu project’s own decentralized exchange.

“We are pleased to welcome Shiba Inu to the OKEx platform..”

“As an exchange, we are delighted to be able to offer a diverse portfolio of cryptocurrencies, including memetic tokens, to allow a comprehensive investment experience for our valued customers.”

“The Shiba Inu community has been gaining strong momentum from the weekend deposits, and we look forward to witnessing its robust development.”

“We are happy to be the first major exchange to offer SHIB to open the crypto gateway to these enthusiasts,” said OKEx CEO Jay Hao.

About OKEx

OKEx is a world-leading cryptocurrency spot and derivatives exchange that offers some of the most diverse and sophisticated products, solutions and trading tools on the market.

Trusted by millions of users globally, we believe that cryptocurrency will reshape our money and society, enabling all people to live with dignity and freedom.

With our extensive range of crypto products and services, and our unwavering commitment to innovation, our mission is to promote and advance cryptocurrency globally.

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Money

Governments struggle to tax effectively without harming citizens

Governments’ excessive taxation on citizens risks wealth creation, necessitating strategic wealth management to avoid economic collapse.

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Governments’ excessive taxation on citizens risks wealth creation, necessitating strategic wealth management to avoid economic collapse.

 

In Short:
Dr. Steve Enticott discusses the challenges of government debt and the need for careful tax structuring to protect citizens’ wealth. He emphasises that excessive taxation can harm wealth creation, urging a proactive approach to financial management for sustainable economic growth.

Dr. Steve Enticott explores the issue of government debt and taxation.

He highlights the struggles faced by heavily indebted governments worldwide as they seek to fund ongoing projects.

Taxation is their primary method for extracting financial resources from citizens and businesses.

Enticott points out the importance of effective tax structuring, the strategic deployment of wealth, and risk diversification.

These approaches are vital for protecting individual wealth amidst growing government demands.

The phrase “you can’t get blood from a stone” illustrates the futility of overtaxing already burdened citizens.

Excessive taxation can backfire, leading to reduced incentives for wealth creation, which in turn harms tax revenues.

Governments must be cautious when implementing tax policies as they risk damaging the very sources of income they rely on.

Instead of merely focusing on extracting funds, there should be an emphasis on fostering an environment where wealth can thrive.

Enticott advocates for a proactive approach to financial management, urging individuals to recognise the situation and adapt.

By finding ways to work within the current system, citizens can protect their wealth while still contributing to society.

Money Matters underscores the need for positive action in the face of challenging economic realities.

Government approaches to taxation and debt management require careful consideration to ensure long-term sustainability and growth.

Dr Steven Enticott is a finance professional, speaker, regular columnist, and author of The Man With A Plan.

For more information www.ciatax.com.au

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Money

Experts warn new Australian tax laws could lead to ‘great theft’

Experts Warn New Australian Tax Laws Could Lead to ‘Great Theft’ and Alter Superannuation Perceptions Amid Unrealised Gains Taxation.

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Dr. Steve Enticott critiques Australia’s new tax laws

 

In Short:
Dr. Steve Enticott is concerned about new Australian tax laws taxing unrealised gains, calling it the ‘great theft’ as taxpayers will pay tax on assumed profits without actual transactions. He warns that these changes could significantly impact superannuation and retirement savings for many Australians, urging individuals to stay informed and prepared.

Dr. Steve Enticott has raised concerns regarding recent changes in Australian tax laws.

He refers to these changes as the ‘great theft.’

The new tax structures involve taxing unrealised gains on assets.

This means individuals pay tax on assumed profits without actual transactions taking place.

If an asset’s value doesn’t increase, taxpayers will not receive any refunds for the tax paid.

Dr. Enticott warns this could have a significant impact on a broader segment of the population over time.

He predicts that the perception of superannuation in Australia may shift as these laws take effect.

The discussion highlights the potential long-term consequences of these tax changes.

There is a growing need for individuals to stay informed about evolving tax laws.

Understanding these changes is crucial for managing superannuation effectively.

The implications of taxing unrealised gains could affect retirement savings for many Australians.

Dr. Enticott’s insights urge citizens to carefully consider how tax policies may influence their financial futures.

Awareness and preparedness are essential in navigating these new tax regulations.

As the situation develops, it is important for individuals to seek information and advice.

The evolving landscape of tax laws may reshape financial planning for years to come.

Dr Steven Enticott is a finance professional, speaker, regular columnist, and author of The Man With A Plan.

For more information www.ciatax.com.au

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Money

Historical patterns inform modern investment strategies and responses

Historical patterns inform investment strategies, highlighting recurring themes of greed, crisis, and societal response amidst technological change.

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Historical patterns inform investment strategies, highlighting recurring themes of greed, crisis, and societal response amidst technological change.

 

In Short:
Dr. Steve Enticott argues that while history doesn’t repeat, it shows similar patterns that can inform current investors and business owners. He highlights the importance of recognising these trends and adopting technology to remain competitive amid recurring themes like greed, fear, and economic instability.

Dr. Steve Enticott explores the idea that while history does not repeat itself, it often exhibits similar patterns.

He draws parallels between historical events and current circumstances, offering valuable insights for investors and business owners.

Enticott emphasises the need for individuals to recognise and anticipate future trends by observing these recurring patterns.

He also encourages the adoption of technological advancements as a means of reducing costs and maintaining competitiveness in a changing economic landscape.

Common themes such as greed, fear, power struggles, and economic bubbles continue to manifest, albeit in different forms.

For example, the 2008 financial crisis showed similarities to the Great Depression, with both crises stemming from causes like over-leveraging and speculation.

However, their outcomes diverged due to modern economic interventions.

Additionally, parallels can be drawn between the fall of Rome and current political instability, particularly in terms of overexpansion, wealth inequality, and deterioration of leadership.

Pandemics also reveal historical echoes; for instance, responses to COVID-19 mirrored those of the 1918 flu, highlighting societal patterns of denial, panic, scapegoating, and eventual adaptation.

Understanding these historical patterns can provide critical guidance for navigating present and future challenges in the business landscape.

By learning from history, stakeholders can make informed decisions that prepare them for what lies ahead.

Dr Steven Enticott is a finance professional, speaker, regular columnist, and author of The Man With A Plan.

For more information www.ciatax.com.au

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